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Intuitive Surgical takes an after-hours dive on missed Q2 sales prelims

Mon, 07/08/2013 - 8:40pm
Mass Device

Intuitive Surgical says it expects 2nd-quarter sales to be well shy of its prior forecast and well below analysts' expectations, sending shares down nearly 12% today in after-hours trading.

Intuitive Surgical takes an after-hours dive on missed Q2 sales prelims

Intuitive Surgical (NSDQ:ISRG) took a nearly 12% hit in after-hours trading today after the medical device company said it expects to miss its 2nd-quarter sales forecast.

The Sunnyvale, Calif.-based robotic surgery company said it expects to post sales of roughly $575 million, up 7.3% from the 2nd quarter of 2012 but well shy of analysts' $630 million expectations.

Those expectations were fueled by Intuitive's guidance last quarter, of Q2 sales reaching the higher end of its sales growth forecast of 16%-19%, or $621.8 million to $637.8 million.

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